The Wall Street Journal reported last week on the Consumer Financial Protection Bureau’s focus on problems in the student loan market. The article highlighted the work of Rohit Chopra, “the nation’s student-loan watchdog.” Apparently, Mr. Chopra’s work i

Senator Harkin released draft proposals for Higher Education Act reauthorization in June. As part of this process, Senator Harkin created an email address to receive feedback by August 29. This was intended to facilitate the submisssion of feedback and suggestions from “inter

We wrote an open letter last year to private student lenders urging them to stop making excuses and start helping borrowers. Unfortunately, not much has changed. There have been improvements for newer borrowers. Most new private loan products are better, but let’s not get carr

The U.S. Senate Health Education Labor & Pensions Committee (HELP) held a very important hearing a few weeks ago on federal student loan issues. This was part of a series of hearings to collect ideas for the reauthorization of the Higher Education Act. The hearing began with test

The Second Circuit recently issued an important decision that highlights student loan collection agency abuses. The court found that a collection agency’s notice to a student loan borrower stating “Account Ineligible for Bankruptcy Discharge” was exactly the kind of abusive debt coll

Thanks to all of you who have responded to the story about my client Mr. A. Many of you have asked why Mr. A has not tried rehabilitation or consolidation to get out of default. We have discussed these options with Mr. A many times. They are useful for many borrowers, but there are

A recent Washington Post article highlights the numbers of older individuals struggling with student loan debt. The Federal Reserve Bank of New York published new data showing that Americans 60 and older still owe about $36 billion in student loans. We have cautioned for some time th

The U.S. Senate Committee on the Judiciary Subcommittee on Administrative Oversight and the Court held a hearing this week on “The Looming Student Debt Crisis: Providing Fairness for Struggling Students.” In our testimony, we focused on the importance of restoring bankruptcy rights

It seems that we were just looking back at 2010….and yet another year has passed. As we get ready for a holiday vacation at Student Loan Borrower Assistance Project, we offer a few thoughts on 2011: It was a year of ups and down in the fight against abuses in the for-profit hig

Megan McArdle’s recent article, “Don’t Count on Settling Those Student Loans” includes some helpful advice for student loan borrowers. She is right on that it is very difficult to settle student loans. Unfortunately she does not stop there. McArdle goes on to perpe

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Please understand that we do not provide legal advice about individual cases. This web site includes links to other resources for those who seek individualized legal advice or other help not offered here. This site is for people who already have student loans and want to know more about their options and rights.